News and articles
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The value of American properties continued to grow in the third quarter of the current year, although mortgage loan rates are approaching 7% and the number of closed deals is dropping. According to the National Association of Realtors, prices in 46% out of 185 surveyed districts experienced a double-digit growth. In the second quarter, this share...
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Carousel Beach Inn in the south of Fort Myers Beach was recently purchased by Dublin Real Estate Investment Group, a developer from Chicago, which is planning to create a luxurious 12-unit residential project called Gulfside Twelve here. The construction of the condominium project is already underway on the neighboring land plot. The small 27-room...
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Bentley Residences, a new opulent 60-story skyscraper with over 200 luxurious condominiums, will soon emerge in Sunny Isles Beach, Miami-Dade County, Florida. The developer is Dezer Development. Sieger Suarez Architects was in charge of the design. As the name suggests, the interior design was developed by Bentley, a luxury car manufacturer....
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Since the start of the pandemic, the demand for properties in the southern part of Florida has skyrocketed. There are over 100 cities and settlements here, including Miami, West Palm Beach, Boynton Beach, Fort Lauderdale, Boca Raton, and North Miami. This is the seventh largest metropolitan area across the USA and the second largest, in the...
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Due to the events that have been taking place in the political and economic international arena over the past few months, more and more people from countries with declining economies have decided to sell housing in their homeland and move abroad. One of the most popular destinations for immigration is in European countries, the Middle East and, of...
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In 2021, the real estate market in the south of Florida was setting one record after another but over the past eight months of 2022, a certain slowdown began: the number of closed purchase and sale transactions reduced, interest rates rose, the time in the market grew, and bidding wars between buyers declined. This, however, does not mean that the...
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Dwight Schar, a billionaire, real estate tycoon, and former Financial Chairman for the Republican National Committee, listed for sale his opulent mansion on the beachfront in Palm Beach, Florida. In 2013, he purchased this 757 square meter home for $11.5 million and is now asking $48.85 million for it. This is one of the most expensive properties...
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Cottages at St. Johns, as the off-plan complex is called, is being built by several enterprises. Cottages Holdings supervises the project’s planning and development. Palmer Group acts as the managing partner, while DLP Real Estate Capital was selected as the developer. Group One and FK Architecture are in charge of construction and design. By the...
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This week, a special session devoted to real estate insurance (the second in the current year) will take place in the Florida state legislature. The recently elected Paul Renner, House Speaker, declared that their goal was stabilizing the market and ensuring its growth. Immediate relief, however, should not be expected. Meanwhile many Floridians...
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Residents of all US states continue to visit Florida at record rates, while international tourism still hasn’t quite rebounded to the pre-pandemic level. The marketing agency Visit Florida shared statistics for the 3rd quarter of 2022, which says that 35.1 million tourists visited the state over that time. It is 6.9% more than last year and 8%...
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